Eisler v. Eastern States Corp.

In this action the complainant, a stockholder in the defendant corporation, seeks the appointment of a receiver for the property and assets of the defendant, with full power in the receiver to institute legal proceedings against the officers and directors of the defendant corporation for the recovery of losses allegedly suffered by the defendant corporation by reason of the violation of their trust duties as said officers and directors of the defendant corporation.

Complainant alleges that in 1930 he purchased 200 shares of common stock of the defendant, paying for the same about §25.50 per…